Originally created 11/26/05

Business briefs



AROUND TOWN

Area jobless rate drops in October

The Augusta-Aiken area's unemployment rate fell slightly in October as the state added nearly 23,000 jobs, mostly in retail trade and service-related industries.

The five-county area's rate fell one-tenth of a percentage point from September to 6.3 percent in October, while the state's jobless rate dropped from 5.5 percent to 5.3 percent.

Augusta's unemployment rate in October 2004 was 5.6 percent, and Georgia's was 4.6 percent.

BRIEFLY

EX-AIG chief might face more charges

Albany, N.Y. - Additional civil charges against former American International Group Inc. chairman and CEO Maurice Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney General Eliot Spitzer said Friday.

Criminal charges are still possible, however, from federal prosecutors in two separate investigations of Mr. Greenberg, the Wall Street Journal reported Friday.

Authorities allege AIG and Mr. Greenberg used deceptive accounting to boost the company's financial results and stock price. mr. greenberg has denied any wrongdoing.

Stun gun company could be delisted

Scottsdale, Ariz. - Stun gun maker Taser International Inc. said Friday that the Nasdaq stock market told the company its stock could be delisted because it failed to file its third-quarter financial report on time.

Taser said it will appeal the decision by requesting a hearing before the exchange's listing qualifications panel.

The company's earnings and revenue have dropped sharply in recent quarters amid concern about the safety of its stun guns. The company said it will file its third-quarter 10-Q as soon as possible, after it files the restated first- and second-quarter results.

ONLINE

Get up-to-the-minute business news and stock listings at www.augusta chronicle.com/stocks.

REACH US

Contact Business Editor Damon Cline at: (706) 823-3486 or damon.cline@augustachronicle.com.